| Currencies were not exempt from the global market rout Monday. Emerging market currencies, especially those linked to economies heavily dependent on commodities, were caught in the market downdraft.
Australia’s dollar slid more than 2% against the U.S. dollar to levels last seen in 2009. Russia’s ruble slumped 3% to trade at around 71 against the dollar. South Africa’s rand was down nearly 2%, as U.S. markets opened, briefly hitting a record low of 14.48 against the dollar. The Canadian dollar and the Norwegian krone also weakened against the dollar...............................................Full Article: Source
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